Global Construction Industry Report 2021 with Q12021 Updates on the Impacts of COVID-19 – ResearchAndMarkets.com – Press Release

The “Global Construction Industry Databook Series – Market Size & Forecast (2016 – 2025) by Value and Volume (area and units) across 40+ Market Segments in Residential, Commercial, Industrial, Institutional and Infrastructure Construction – Q1 2021 Update” report has been added to ResearchAndMarkets.com’s offering.

The global construction industry slowed down due to the disruption in economic activities due to COVID-19 outbreak. Of the various regions, Europe and Latin America were the worst affected in terms of construction output owing to strict lockdown. However, as operations resumed in Q3’20 in most of the major markets, the construction output is likely to recover in 2021.

In APAC, the construction industry in Vietnam has been the best performing one. Despite the coronavirus outbreak, the sector continued to grow strongly in 2020. According to the Vietnam General Statistics Office (GSO), in Q3’20, construction industry grew by 5.7% year on year, with cumulative industry growth during the three quarters at 5%. In 2020, the growth is expected to reach 5.5%.

In China, the construction output is expected to rebound to over 10% in 2021. Moreover, China is on its way to becoming the largest single construction industry over the next decade.

Most of the governments in APAC are focusing on infrastructure development to help economic recovery. In China for instance, over the next fifteen years, the Chinese state railway operator also plans to double the size of its high-speed railway network.

Similarly, in Australia, around US$14 billion will be invested in hard infrastructure projects including road and rail projects (US$7.5 billion), road safety upgrades (US$2 billion), and upgrading local roads and footpaths (US$1 billion). Moreover, the government is also offering funding for accelerating the implementation of the 5G network in the country. Such investments are expected to positively impact the overall construction industry in APAC.

The European construction sector was severely impacted in 2020 due to COVID-19 crisis. The sector is expected to rebound in 2021 with construction output likely to recover by 4%. Construction production in the EU-27 improved by 1.2% in November 2020 as compared to October 2020 and declined YoY by 1.1%.

In the euro-area, there was an increase of 1.4% as compared with October 2020 and a decline of 1.3% YoY as compared to November 2019. Currently the level of construction activity in the EU-27 is about 97.5% of the level in February (euro area 97.6%), which reflects improvement in the sector.

COVID-19 impact was strong mainly in Italy, France and Luxembourg, with construction activities declining sharply. In countries such as Finland where lockdown was less drastic, the construction activity was only moderately impacted during February-April 2020. More than 50% of the countries regained construction activity to pre-crisis levels excluding Slovakia, Poland, Bulgaria, Spain and Czech. While the Netherlands and Germany regained or slightly surpassed the February level.

In 2020, in France and Spain housing permits declined which could impact housing completion in the coming years. Also, spending on commercial buildings is likely to decline in 2021, given the poor financial performance of several firms and impact of COVID-19. In 2021, countries with stringent lockdowns are expected to witness strong rebounds.

The construction industry in Middle East was also affected due to the suspension of economic activities to contain the spread of the coronavirus outbreak. The onset of the coronavirus and subsequent decline in the oil prices had a negative impact on the construction sector. Although construction activities were affected, the work continued but with reduced productivity while keeping social distancing norms in mind. However, the sector is expected to recover in 2021 with various upcoming construction projects across Middle East.

The global pandemic disrupted economic activities in Africa, affecting the construction sector as well. The construction industry in South Africa came to a halt as the country entered into a hard lockdown in Q1-Q2 2020. In response to the global coronavirus pandemic, the South African government took several measures and imposed emergency restrictions to contain the spread of the virus. Thus, resulting in a muted demand for construction activities in the country.

Scope

Market Data and Insights: This report provides market size and forecast across 40+ construction segments for a period of 10 years from 2016-2025.

KPIs covered include the following:

• Market size by value
• Market size by volume of construction
• Number of units

Residential Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by

• Housing type (multi family, single family)
• Key cities (Tier – 1, Tier – 2, Tier – 3 segmentation)
• Price point/income level (luxury, mid-tier, affordable)
• Construction stage (new construction, re-development & maintenance)

Residential Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by

• Green building by Housing type (multi family, single family)
• Green building by Key cities (Tier – 1, Tier – 2, Tier – 3 segmentation)
• Green building by Price point/income level (luxury, mid-tier, affordable)

Commercial Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by

• Office (further broken down by Grade A, Grade B, and Grade C)
• Retail (further broken down by Grade A, Grade B, and Grade C)
• Hospitality (further broken down by Grade A, Grade B, and Grade C)
• Restaurant (further broken down by Grade A, Grade B, and Grade C)
• Entertainment
• Sports facility
• Construction stage (new construction, re-development & maintenance)

Commercial Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by

• Office green building construction
• Retail green building construction
• Hospitality green building construction
• Restaurant green building construction
• Entertainment green building construction
• Sports facility green building construction
• Other commercial green building construction

Industrial Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units)

Institutional Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by

• Healthcare construction
• Educational construction
• Public sector
• construction stage (new construction, re-development & maintenance)

Institutional Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by

• Healthcare green building construction
• Educational green building construction

Infrastructure Construction Sectors: 10-year market size & forecast in value terms by

• Marine and inland water infrastructure
• Utility system construction (oil and gas infrastructure, communication infrastructure, power infrastructure, water and sewer infrastructure)
• Transportation infrastructure (highway, street and bridge construction, railway construction, airport construction, and tunnel construction)
• Construction stage (new construction, re-development & maintenance)

Green Infrastructure Construction: 10-year market size & forecast in value terms

For more information about this report visit https://www.researchandmarkets.com/r/htzao4

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